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. thank you, susan. >>> ben bernanke also had big news for investors. the feds taking unprecedented action in keeping interest rates at their record-low levels. erica ferrari is here in new york with that. erica, good morning to you. >> good morning, terrell. for the first time ever, the fed said they would link its actions to specific economic milestones. they said they'll keep the interest rate to 0% until the unemployment rate falls to below 6.5%. the jobless rate may not reach that point until 2015. it's at 7.7% now. rates will also stay low as long as inflation remains below 2.5%. the fed will continue its program of spending $85 billion a month on bond purchases. all of these steps are aimed at spurring borrowing and lending. and news from the federallied most asian markets. tokyo's nikkei added 1.5%. hong kong's hang seng lost a quarter percent. the dow lost nearly 3 points. the nasdaq was down 8. and the u.s. is on track to run up its fifth straight deficit or manufacture than a trillion dollars. the treasury department says the budget gap rose to $172 billion in november. that's u
or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepiness, weight gain, and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. with less pain, i'm feeling better now that i've found lyrica. ask your doctor if lyrica is right for your fibromyalgia pain. >>> democracy can be messing. i call this democracy in action. on thursday a fight broke out in ukraine's newly elected parliament as it did the day before. opposition deputies physically tried to block a vote over the election of a parliamentary official on thursday. it did not work. the man ended up getting the job anyway. fiscal cliff, maybe there's an idea. >>> "cbs moneywatch" time now on a friday. and if you need a cab in new york city, there may soon be an app for that. erica ferrari here in ne
to take action. susan mcginnis is in washington with more. susan, good morning to you. >> hi. good morning, terrell. the president said the nation is failing to keep its children safe, and he promised to use the power of his office to prevent future tragedies, saying we can't accept events like these as routine. >> these tragedies must end. and to end them, we must change. >> reporter: the president never mentioned any specific steps he is willing to take, but his speech in newtown, connecticut, signaling he may be willing to tackle the issue of gun control. >> no single law, no set of laws can eliminate evil from the world or prevent every senseless act of violence in our society, but that can't be an excuse for an action. >> reporter: some congressional democrats say friday's event made the time right to review the assault weapons ban that expired in 2004. >> when the public is left upset, when developments happen one after another, the public will not accept as a new normal one of these incidents every month, these mass shootings. >> reporter: but passing gun control legislation will li
by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president heading out on the road again. president obama leaves d.c. today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you know, they started their tango now, and any time you start a tango, you have to get it done. >> more republicans are accepting the idea that wealthy americans will get a tax raise hike. >> there are a group of folks looking at this realizing we don't have a lot of cards before year end. >> but others remain opposed to raising taxes on the top 2%. >> the president wants the rates to go up. that doesn't solve the problem, and we don't w
to action. preside obama promises to tackle gun violence. what he wants to try - and his very short timeline for action. join us for cbs 5 eyewitness news this morning... beginng at 4:30. good morning. it's thursday, ,,,, >>> here's a look at the weather in some cities around the country. in washington, clouds, then rain, 50 degrees. thunderstorms in atlanta, 63. very windy in st. louis, 46 degrees. sunny in denver, 37. showers in seattle, 41 degrees. >>> there is a new reigning miss universe this morning. >>> and miss universe, 2012, is -- usa! >> yeah, usa. 20-year-old olivia culpo of rhode island took the crown last night in las vegas. the last time a miss usa won was back in 1997. >>> this week millions watched the viral internet video showing the eagle swooping down trying to carry away a baby. you saw it yesterday morning here on "cbs morning news." turns out it was not real at all. it was students on a class project. we have the inside story. >> reporter: everyone who saw it couldn't believe it, a baby being snatched by an eagle on mt. royal. the video was posted on youtube last night
and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel problems, tell your doctor if you have new or worse symptoms. get medical help right away if you have symptoms of a heart attack. use caution when driving or operating machinery. common side effects include nausea, trouble sleeping and unusual dreams. it helps to have people around you... they say, you're much bigger than this. and you are. [ male announcer ] ask your doctor if chantix is right for you. affected by superstorm sandy got early holiday cheer. as marlie hall reports secret santa came to one of the neighborhoods with all those presents and this is a neighborhood hit by superstorm sandy
a compromise. >>> and less dairy for your dollar. without action by congress by new year's day, milk prices could skyrocket. >> if we want to continue to eat, the bill needs to be passed. that's where we get our food, people. captioning funded by cbs >>> this is the "cbs morning news" for friday, december 28th, 2012. good morning. good to be with you. i'm duarte geraldino. this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope
association in washington. >> shame on the nra! >> reporter: speaking out for a political action committee, the group says the gun rights group is partly to blame for tragedies like newtown. but the executive director of gun owners of america thinks principals and teachers should carry guns to prevent tragedies like newtown. >> there are members of congress that would like to see the school zone gun ban done away with. and i think that's encouraging. >> reporter: pro-gun rights senator joe mansion of west virginia called on the gun industry to come together with congress to work on what he called a reasonable approach to curbing gun violence. he said all options should be on the table. cbs news, new york. >>> there is progress to report on fiscal cliff negotiations. two weeks from today, the painful series of spending cuts and tax increases will automatically go into effect if washington can't come up with a budget deal. late monday, though, we learned congressional republicans and the president are narrowing the gap in their differences. tara mergener is in washington with the latest. goo
. under the settlement ubs will enter a plea to one count of wire fraud. >>> signs of stimulus action from the bank of japan boosted stocks. tokyo's nikkei surged 2.5%. hong kong's hang seng sank half a percent. more hope over the fiscal cliff negotiations fueled another strong day on wall street. the dow added 115 points while the nasdaq gained 43. >>> shares of publicly traded gun makers were down in the wake of the connecticut school shooting, and the company that makes the weapon believed to have been used in the shooting is now up for sale. meanwhile gun shop operators have been reporting an uptick in sales. some have indicated the sales bump is due to customers buying weapons now before any new gun control legislature can be enacted. >>> instagram is backing off a new policy that allowed it to use photos from user accounts and advertisements. it comes after an online backlash from its users and privacy advocates. despite changing its stance, instagram's co-founder said the service was created to eventually make money and it will experiment with various forms of advertisen't. >>> and
. the proposet settlement will resolve a class-action lawsuit for hundreds of toyota customers. numerous crashes and injuries and even deaths were blamed on the sudden acceleration. their production plunged as a result but has since rebounded. >>> and new evidence suggested the ailing housing market is getting better. a national price index says u.s. home prices rose 4.3% compared with a year ago. october was the fifth consecutive month of year-over-year gains aft almost two years of decline. >>> it will soon cost a lot more to park in downtown chicago. starting on new year's day, parker meters there will cost $6.50 an hour, up from 5.75 dlrts. that would make chicago the nation's most expensive city for metered parking. the city leased the meters to a private company for 75 years at a cost of more than $1 billion, and, duarte, much of that money has already been spent. >> that does it. when i'm in chicago, i take the train. erica ferrari in new york. thanks, erica. >>> in sports a pounding finish between the knicks and the suns. ten seconds left, no,'s j.r. smith hits the fade-away jumper to ti
Search Results 0 to 14 of about 15 (some duplicates have been removed)